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XYZ Partnership has the following transactions during the year. Calculate the partnerships net income for the year. Revenues $150 Cost of Goods Sold $25 Depreciation

XYZ Partnership has the following transactions during the year. Calculate the partnerships net income for the year.

Revenues $150

Cost of Goods Sold $25

Depreciation Expense $5

Salary Paid to Partner Z $15

Bonus for Partner X $5

Bonus for Partner Y $10

A. $90

B. $120

C. $100

D. $105

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